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Home BUSINESS

Everything You Need to Know About OpenAI’s New Search Engine Feature

Michael Juanico by Michael Juanico
October 31, 2024
in BUSINESS, TECHNOLOGY
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  • OpenAI launched ChatGPT search, a feature that allows users to search the web within the ChatGPT interface, offering real-time information like sports scores, stock quotes, news, and weather
  • ChatGPT search positions OpenAI to better compete with major search engines like Google, Microsoft’s Bing, and Perplexity AI
  • The search feature leverages OpenAI’s GPT-4 language model, real-time web data, and partnerships with news and data providers to deliver search results conversationally within ChatGPT

OpenAI recently launched a search feature within ChatGPT, its viral chatbot. This positions the artificial intelligence company to better compete with dominant search engines like Google and Microsoft’s Bing.

NEW: OpenAI has launched a real-time search feature within ChatGPT to compete with Google and Bing

Enabling up-to-the-minute information on:

– News

– Stock quotes

– Sports scores

and more pic.twitter.com/1NSRyvUL4z

— BlockNews.com (@blocknewsdotcom) October 31, 2024

The ChatGPT Search Feature

ChatGPT search offers real-time information like sports scores, stock quotes, news, and weather. It is powered by live web search and partnerships with news and data providers.

Users can search in a more natural, conversational way within ChatGPT. The search model is a fine-tuned version of OpenAI’s powerful GPT-4 model. OpenAI CEO Sam Altman says it’s a faster, easier way to find information.

OpenAI plans to keep improving ChatGPT search, particularly for shopping and travel queries. It will leverage the reasoning capabilities of the GPT models to enable deeper research.

Partnerships with News and Data Providers

To power ChatGPT search, OpenAI partnered with news organizations like The Associated Press, Reuters, Axel Springer, Condé Nast, Hearst, and others. It also collaborated with data providers.

Chat responses now include links to source articles and blog posts. Users can access these by clicking the “Sources” button below the chatbot’s response.

Rollout to Users

The search feature is available now to paying ChatGPT users and members of the SearchGPT waitlist. It will roll out to free ChatGPT users over the coming months.

Competition with Google and Microsoft

The ChatGPT search release could threaten Google’s dominance in search. Investors have worried OpenAI may take market share from Google by enabling new ways to find information.

The move also positions OpenAI as a bigger competitor to Microsoft. Although Microsoft has invested heavily in OpenAI, its products directly rival Microsoft’s own AI and search tools.

cnbc.com

Recent Funding and Valuation

OpenAI recently closed a funding round valuing the company at $29 billion. It also secured a $4 billion line of credit, bringing its total liquidity above $10 billion.

Despite competition, Microsoft remains a major OpenAI investor. OpenAI expects $37 billion in revenue this year but with $5 billion in losses.

Conclusion

With the ChatGPT search feature launch, OpenAI aims to disrupt online search and compete with tech giants Google and Microsoft. Its viral chatbot keeps gaining capabilities, posing a potential long-term threat to dominant search engines. OpenAI plans to keep enhancing its search product, leveraging its powerful AI models and partnerships.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: artificial intelligenceChatGPTGoogleOpenAIsam altman
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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